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Quote of the Day
“Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.”
– Warren Buffett
June 6th – This Day in Stock Market History
June 6th, 1944 – Allied troops storm the beaches of Normandy. News reaches the U.S. about 3am. The New York Stock Exchange opens with the reading of Eisenhower’s order of the day and a 2 minute moment of silent prayer. Source: Eyewitness to Wall Street
Eisenhower’s order of the day read aloud at the stock market opening:
“Soldiers, Sailors, and Airmen of the Allied Expeditionary Force!
You are about to embark upon the Great Crusade, toward which we have striven these many months. The eyes of the world are upon you. The hope and prayers of liberty-loving people everywhere march with you. In company with our brave Allies and brothers-in-arms on other Fronts, you will bring about the destruction of the German war machine, the elimination of Nazi tyranny over the oppressed peoples of Europe, and security for ourselves in a free world.
Your task will not be an easy one. Your enemy is will trained, well equipped and battle-hardened. He will fight savagely.
But this is the year 1944! Much has happened since the Nazi triumphs of 1940-41. The United Nations have inflicted upon the Germans great defeats, in open battle, man-to-man. Our air offensive has seriously reduced their strength in the air and their capacity to wage war on the ground. Our Home Fronts have given us an overwhelming superiority in weapons and munitions of war, and placed at our disposal great reserves of trained fighting men. The tide has turned! The free men of the world are marching together to Victory!
I have full confidence in your courage, devotion to duty and skill in battle. We will accept nothing less than full Victory!
Good luck! And let us beseech the blessing of Almighty God upon this great and noble undertaking.”
June 6th, 1944 the Dow Jones Industrial Average would finish up 0.42%, +0.59 points and close at 142.21.
Best June 6th in Dow Jones Industrial Average History
2012 – Up 2.37%, 286.84 points.
Worst June 6th in Dow Jones Industrial Average History
2008 – Down 3.13%, 394.64 points.
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